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Treasury Guidance

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Treasury unveils low-cost investment rules for 530A Trump Accounts
business15 days ago

Treasury unveils low-cost investment rules for 530A Trump Accounts

The Treasury released proposed guidance for eligible investments in 530A Trump Accounts, expanding options beyond S&P 500 ETFs to broad, low-cost index funds. The framework emphasizes simple, low fees to maximize decades of compound growth in children’s accounts, with Bank of New York Mellon as the manager and SPYM as the initial default, while other options like IVV, VTI, SPTM, and ITOT may be added; Robinhood-backed account tracking is part of the offering.

via CNBC|
#530a-accounts#business#child-savings
Trusts at risk of double taxation under new tax bill, experts warn
business3 months ago

Trusts at risk of double taxation under new tax bill, experts warn

A tax explainer tied to the One Big Beautiful Bill Act suggests that the deduction cap now applying to high earners also extends to trusts and estates, potentially taxing distributed income twice and forcing assets to be sold or distributions reduced. The outcome could affect charitable giving and beneficiaries, with clarity unlikely until Congress or the Treasury issues formal guidance or an amendment.

via CNBC|
#bluebook-footnotes#business#deductions